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Keyword: oil

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  • Dakota Access Pipeline to Shut Down Pending Review, [Obama] Federal Judge Rules

    07/07/2020 10:38:19 AM PDT · by JeepersFreepers · 24 replies
    The New York Times ^ | July 6, 2020 | Jacey Fortin and Lisa Friedman
    The Dakota Access Pipeline, an oil route from North Dakota to Illinois that has inspired intense protests and legal battles, must shut down pending an environmental review and be emptied of oil by Aug. 5, a district court ruled on Monday. It essentially vacates a federal permit that had allowed the pipeline to operate while the United States Army Corps of Engineers, which had granted the permits for the pipeline, conducted an extensive environmental impact review. The decision, which could be subject to appeal, is a victory for the Standing Rock Sioux Tribe and other Native American and environmental groups...
  • Chesapeake Energy files for bankruptcy

    06/28/2020 2:56:02 PM PDT · by yesthatjallen · 34 replies
    The Hill ^ | 06 28 2020 | Rebecca Klar
    Chesapeake Energy Corporation said Sunday it had filed for bankruptcy amid a drop in oil and gas demand and prices due to the coronavirus pandemic. Chesapeake Energy said in a release it filed for Chapter 11 bankruptcy and will continue to operate throughout its restructuring process. The Oklahoma City-based company said it secured a $925 million debtor-in-possession financing from certain lenders under Chesapeake’s revolving credit facility, which will be available upon court approval. The company and certain lenders under its revolving credit facility also agreed to the principal terms of a $2.5 billion exit financing, consisting of a new $1.75...
  • Nextrush Unplugged: Weekend Version (DC 19) Liberate America-Atlanta Police Kill Black Man Protests

    06/13/2020 8:18:10 PM PDT · by Nextrush · 1 replies
    Nextrush Free ^ | 6/12/2020 | Nextrush/Self
    The country music sounds blasts from the past good to be here again I'm looking at a radio programming book from 1968 and here in York, PA WNOW at 1250 AM and 105.7 FM was the place for country music back then. I would start listening in during the fall of 1970 to begin my country music journey..... Today out of Dallas we get Glenn Beck with predictable negative comments about Russia. Russia and Texas have something in common. They produce oil and natural gas. Energy. Last December President Trump signed legislation to sanction companies helping to build the Nord...
  • Oil Major BP to Cut 15% of Workforce

    06/09/2020 6:09:28 PM PDT · by fluorescence · 8 replies
    Reuters ^ | June 8, 2020 | Shadia Nasralla and Ron Bousso
    LONDON (Reuters) - BP will cut about 15% of its workforce in response to the coronavirus crisis and as part of Chief Executive Bernard Looney’s plan to shift the oil and gas major to renewable energy, it said on Monday. Looney told employees in a global online call that the London-based company will cut 10,000 jobs from the current 70,100. “We will now begin a process that will see close to 10,000 people leaving BP – most by the end of this year,” Looney said in a statement. [snip] ENERGY TRANSITION The job reductions are also part of Looney’s drive...
  • Notes from the Oil Patch: Kumbaya Around the Dumpster Fire of 2020

    06/08/2020 1:53:03 PM PDT · by Kaslin · 1 replies
    Townhall.com ^ | June 8, 2020 | Mead Treadwell
    From my quarantine hidey-hole in Girdwood, Alaska, it was the oddest of Zoom calls. The oil industry and the fishing industry are not always chummy, but here we were on the same video link. Crews in close quarters – be they fishing boats or oil tankers or drilling platforms offshore – needed appropriate safety measures in this pandemic. Onshore, in remote coastal communities, fish processing plants and oil production facilities both bring in itinerant workers, so both industries sought to avoid enabling contagious “vectors” of coronavirus for others. The call looked like Hollywood Squares, but no one was cracking jokes....
  • Oil bust could spur natural gas turnaround in San Juan Basin

    06/07/2020 1:19:14 PM PDT · by brownwill6767 · 2 replies
    Santa Fe New Mexican ^ | 6/7/20 | Jens Gould
    To say times are tough for energy companies in the San Juan Basin would be an understatement. The market for natural gas is so bad right now that T. Greg Merrion has shut in nearly half of his family-owned company’s wells, most located in northwestern New Mexico. But that could soon change. If Merrion and key industry analysts are correct, there might be a silver lining in the oil crash caused by the coronavirus pandemic — it could end up helping northwestern New Mexico natural gas producers and even give a lift to state revenue in a time of crisis.
  • Nextrush Unplugged: Weekend Version Racism Doesn't Define The Ultimate Problem

    06/06/2020 8:30:05 PM PDT · by Nextrush · 2 replies
    Nextrush Free ^ | 6/6/2020 | Nextrush/Self
    Here I am a drunk, a sinner, a hater, a racist currently sober and yes the first description of myself leads all the rest. Its no secret what I believe as I've made clear in countless posts but intoxication is the big issue. Drugs, Alcohol And Pornography lay behind the evil violence that kills and destroys and hurts people and property and politicians can't preach that to people. They'll get no votes in this election year for saying that so we get the urinated pablum about "systematic racism" and "white privilege" and the list goes on. Some Philadelphia music in...
  • Fracking Insanity

    05/30/2020 8:07:26 AM PDT · by rktman · 14 replies
    townhall.com ^ | 5/30/2020 | Bob Beauprez
    The coronavirus won't destroy America's energy industry. But Democrats might. Progressive lawmakers like Senator Bernie Sanders have long called for a nationwide ban on fracking. But even Joe Biden, the "moderate" Democratic apparent nominee, recently seemed to embrace this radical idea. The oil and gas industry has already taken a big blow to the gut. Because of reduced demand caused by lockdown orders nationwide and a price war between Saudi Arabia and Russia, the unthinkable happened in April when an oil futures contract sank into negative territory. In my home state of Colorado, hundreds of wells have been abandoned and...
  • Reshuffling: Oil price crash alters priorities, greases skids to new world order

    05/28/2020 8:19:26 PM PDT · by E. Pluribus Unum · 11 replies
    The Washington Times ^ | Thursday, May 28, 2020 | Ben Wolfgang and Guy Taylor
    The sustained plunge in global oil prices has brought deep, unexpected shifts on the geopolitical landscape, with impacts felt in the Arctic and the Middle East, and in the fortunes of the American heartland and the future of the Russian-Chinese strategic alliance. A U.S.-engineered market truce has helped energy prices rebound slightly this month after flatlining in April, but analysts say reverberations will likely be felt for years to come as they chip away at the foundational international partnerships in the post-World War II era and create new alliances and rivalries. Analysts say there is no way the U.S. and...
  • Coronavirus: Venezuelans struggling with fuel shortage - BBC News

    05/24/2020 12:54:42 PM PDT · by DallasBiff · 23 replies
    BBC(Youtube) ^ | 5/13/20 | BBC News
    Venezuela, a country already in crisis, is preparing for the looming coronavirus pandemic. The price of food has increased by 80% since lockdown and fuel is being rationed. It's unheard of in a country that sits on the world's largest oil reserves
  • First piece of disputed Keystone XL pipeline finished

    05/21/2020 11:59:53 AM PDT · by BeauBo · 1 replies
    KUTV (CBS, Billings, MT) ^ | May 21st 2020 | MATTHEW BROWN Associated Press
    A Canadian company has built the first piece of the disputed Keystone XL oil sands pipeline across the U.S. border and started work on labor camps in Montana and South Dakota. But it has not resolved a courtroom setback that would make it hard to finish the $8 billion project. The 1,200-mile (1,900-kilometer) pipeline from Alberta to Nebraska was stalled for much of the past decade before President Donald Trump was elected and began trying to push it through to completion... Work finally started in April at the border crossing in remote northern Montana. That 1.2-mile section has now been...
  • Biden says he would revoke permit for Keystone pipeline

    05/18/2020 8:40:23 PM PDT · by BenLurkin · 33 replies
    Washington Post ^ | Matt Viser and Dino Grandoni
    If completed, the pipeline, which has spent the past decade in political and legal limbo, would help carry some 830,000 barrels of crude oil a day from Canada to refineries in Texas. Although Biden’s climate plan was more ambitious than anything proposed by Obama, it attracted criticism from liberals who faulted Biden for not pledging to ban fracking and for attending a fundraiser co-hosted by a co-founder of a natural gas company. Beyond that, Biden’s environmental critics worry he will not try to rein in greenhouse gas emissions as aggressively as climate scientists say is necessary. In 2018, a panel...
  • Dubai Police Arrest Man for Sneezing on UAE Dirham Notes (Currency)

    05/17/2020 6:01:35 PM PDT · by nickcarraway · 5 replies
    Khaleej Times ^ | May 18, 2020
    He insulted the currency and shared the video on social media. The Dubai Police have arrested a young man over a video that he posted on social media in which he can be seen insulting the UAE's national currency. In the viral video, the suspect can be seen pretend-sneezing and using a currency note to clean himself. He has been referred to the authority concerned for further action, the police said. The police said that the cybercrime law specifies a maximum fine of Dh1 million and a prison term for insulting the country or its symbols. The police also posted...
  • 11 LA firefighters injured running from blast at hash oil factory

    05/17/2020 3:55:07 PM PDT · by Libloather · 15 replies
    Boston Herald ^ | 5/17/20
    LOS ANGELES - An explosion at a hash oil manufacturer in downtown Los Angeles injured 11 firefighters who had gone inside and on the roof to try to knock down a fire and then had to run for their lives when a ball of flames shot out the building and scorched a fire truck across the street. Los Angeles Fire Department Capt. Erik Scott said “one significant explosion” shook the neighborhood about 6:30 p.m. Saturday. Firefighters inside had to run through a wall of flames estimated as 30 feet high and wide, and those on the roof scrambled down a...
  • News Summary-Intelligence Report Friday 5/15/2020 Newsdump Friday

    05/15/2020 9:46:08 PM PDT · by Nextrush · 12 replies
    Nextrush Free ^ | 5/15/2020 | Nextrush/Self
    Economic conflict between the United States and China and Russia on full display today but first.... Protesters in Maryland's capital of Annapolis today urging a full reopening of the state..... Protesters are Pennsylvania's Capitol Building in Harrisburg today pushing for a reopening of the state.... German authorities afraid as mass protests are set in major cities like Berlin, Munich and Stuttgart Saturday in opposition to the government's coronavirus policy... The United States imposing tighter chip controls on the Chinese tech firm Huawei...... Its also been announced that Taiwan Semiconductor will be opening a factory in the United States.... A German...
  • Nextrush Unplugged: Weekend Version...Some Chose Jesus Others Adolf..."National Emergency" On Syria

    05/09/2020 8:24:29 PM PDT · by Nextrush · 1 replies
    Nextrush Free ^ | 5/9/2020 | Nextrush/Self
    Well here we are in the Year of our Lord Anthony Fauci.....OK......well a set of songs ending with Noel Paul Stookey "wherever two or more are gathered...there is love" and we need "love" right now that reaches out to help others be free..... In Iowa yesterday a Republican photo op with VP Pence and GOP Governor Kim Reynolds, the GOP Senators Grassley and Ernst. They were with religious leaders and Iowa will allow regulated worship services that comply with social distancing and sanitary rules. The government regulating churches. That is so like China... And it was so like the USSR...the...
  • News Summary-Intelligence Report Friday 5/8/2020 Newsdump Friday

    05/08/2020 9:35:09 PM PDT · by Nextrush · 5 replies
    Nextrush Free ^ | 5/7/2020 | Nextrush/Self
    The United States stopping a United Nations Security Council vote on the coronavirus situation citing the inclusion of "false narratives" from China.... The United States tightening visa guidelines for Chinese journalists.... The unemployment rate in the United States was 14.7 percent for April...... Tesla trying to resume work at its factory in Fremont, California.... Ohio State University is paying out some 41 million dollars to settle lawsuits with 162 survivors of sexual abuse by a former school doctor.... (Warning: Disturbing Content) The woman who's accused Joe Biden of sexually assaulting her in 1993 is ready to take a lie detector...
  • Massive revenue shortfall in new state forecasts (New Mexico)

    05/07/2020 8:19:12 PM PDT · by brownwill6767 · 31 replies
    Santa Fe New Mexican ^ | 5/6/20 | Jens Gould
    The last time state economists released revenue forecasts, New Mexico had a massive oil boom with no end in sight. Oh, how times have changed. Those same economists released dire revenue projections on Wednesday, suggesting New Mexico could take in between $1.7 billion and $2.4 billion less than originally expected during the next fiscal year as the novel coronavirus pandemic and plummeting oil prices take a major toll on tax revenue and royalty payments. “The outbreak of the novel coronavirus that causes COVID-19, along with the global responses to contain the spread of the virus, places significant strain on New...
  • Permian Basin natural gas pipeline could be blocked by lawsuit filed by Sierra Club

    05/07/2020 11:14:19 AM PDT · by CedarDave · 15 replies
    The Albuquerque Journal ^ | May 7, 2020 | Adrian Hedden
    Source article is from Carlsbad Current-Argus newspaper, a USA Today paper so title and link only authorized on Free Republic.Permian Basin natural gas pipeline could be blocked by lawsuit filed by Sierra Club
  • Iran: Transfer of oil refining equipment to Venezuela in exchange for gold

    05/02/2020 11:55:33 PM PDT · by hassan.mahmoud · 12 replies
    May 3, 2020 | Hassan.Mahmoudi
    By: Hassan.Mahmoudi Iran and Venezuela, both engulfed with similar crises, have economic and trade relationship since the time of Iran’s former president, Mahmood Ahmadi-Nezhad. On Thursday, May 1, Elliot Abrams, the head of Venezuela’s affairs in the US government said that during this week Iran has had many more flights to this country: "Our assumption is that those planes that come from Iran are bringing things for the oil industry, and they return full of gold as a form of payment," El Politico quoted Elliot Abrams, the U.S. Special manager for Venezuela as saying. On April 30, 2020, the Bloomberg...